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hiring and firing costs, search frictions with vacancy costs, unemployment benefits, firm entry costs, and a tax wedge …
Persistent link: https://www.econbiz.de/10010283302
The first-half of the 20th century is characterized by mass migration from Europe to the US and rapid technological progress. Exploiting national immigration policy changes together with historical settlement patterns of immigrants' across US counties, I estimate the effect of skilled...
Persistent link: https://www.econbiz.de/10012844839
The impact of international students and skilled immigration in the United States on innovative activity is estimated using a model of idea generation. In the main specification a system of three equations is estimated, where dependent variables are total patent applications, patents awarded to...
Persistent link: https://www.econbiz.de/10014064200
Persistent link: https://www.econbiz.de/10002103339
Persistent link: https://www.econbiz.de/10001453162
We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...
Persistent link: https://www.econbiz.de/10011762520
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation. Progress on this topic has been inhibited by difficulties in measuring distance and movement in knowledge space. We describe a methodology that infers the mapping of the...
Persistent link: https://www.econbiz.de/10013435165
This paper examines the effect of Secure Communities, an internal immigration enforcement program, on self-employment … and self-employed income in the United States. We find that while the policy did not substantially decrease the self-employment …
Persistent link: https://www.econbiz.de/10014257123
We present experimental evidence on the effects of four U.S. reemployment programs for youth Unemployment Insurance (UI … had minimal effects on employment and earnings; these programs mainly induced the early exit of participants. The fourth … increased employment and earnings. Both early participant exits and effective job counseling underlie these impacts. We conclude …
Persistent link: https://www.econbiz.de/10012232672